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The intrinsic value of USD is near zero. Useful in a post-apocalyptic as fire kindling, and not much else. Its perceived value is powered through the USA's mass
by mitochondrion 13y ago
The intrinsic value of USD is near zero. Useful in a post-apocalyptic as fire kindling, and not much else. Its perceived value is powered through the USA's massive military, political, economic, and financial power. Perhaps Bitcoin has a perceived value as a mechanism of subversion of such a hegemony.
Or maybe it's just a vehicle of speculation. Either way, no modern currency has intrinsic value.
- DrStalker 13y agoThat's why Australia has polymer banknotes, in a post apocalyptic situation you can combine them in a waterproof patchwork sheet.